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20100101
20100131
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CNBC 12
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English 12
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CNBC
Jan 13, 2010 4:00am EST
over again. wall street bankers are in washington today to face questions about the financial crisis. >> and welcome to "worldwide exchange." i'm christine tan here in asia where it's 5:00 p.m. checking the boards, it is a negative session across the board. it's all about china today after it hiked its rrr reserve requirement ratio by 50 basis points, with first time it's done so since november 2008. that surprised the markets, pulling sentiment to the downside. the nikkei 225 down 1.3%. resources are getting hammered because of all these worries that china starts hiking and the demand will start to slow down. the shanghai market hurting the most, down 3.1%. elsewhere, it's a similar picture, as well. kospi is down 1.6%. bombay to the up side, 0.1% higher. and the aussie market is down 0.6%. let's check the ftse cnbc 300 index. it is pulling to the downside, 16 points low, 4,69. >> we're one hour into trade here in europe. and after closing down to 2010 lows, which doesn't mean much in the second week of january, the european market is a little bit mixed today. the xetra dax higher b
CNBC
Jan 7, 2010 4:00am EST
to trade very, very cautiously. >> yes. i think these partymakers in washington, lobbed and other parts of the world are still very, very concerned. and are not going to pull the plug on liquidity any time soon. whether it will be the first quarter, the third quarter, the last quarter, but the bottom line is, they're fought ready to pull that plug. of course, capital markets have helped in the sense of providing extra capital to companies that can't get them from the bank. but going forward, the banks will continue to loosen up more and more and by that time, they will be well out of this crisis. >> at this point, i want to bring in dado. how would you weigh in on market sentiment at this time? are we in a good time or a bad time and where do you see the correction hitting? >> i agree with mark over here. we're in a secular bull cycle. the key thing we see here is that, you know, besides stocks, there frankly isn't very much places where you can park your money if you are parked in cash. you're not going to get very much return this year. you have the 200 pound gorilla this time this ye
CNBC
Jan 26, 2010 4:00am EST
and says he's still committed to health care and other issues. >> there's a tendency in washington to think that our job description of elected officials is to get re-elected. that is no our job sxripgz. when your poll numbers drop, you're an idiot. when your poll numbers are high, you're a genius. >> president obama tells abc he expects treasury secretary tim geithner and economic adviser larry summers to stay on his staff. some of the president's liberal supporters have criticized them as being too close to wall street. >> shares of novartis are trading at the top of the index in switzerland after the company reported a 54% rise in its fourth quarter profit. novartis profit rose to $3 many 2 billion with the help of swine flu vaccines. they just completed alcon's acquisition. the current ceo has chose this time to step down. >> we are entering a new growth phase with the acquisition of alcon. we have a good team, rapid growth, so after 14 years, i think it's a good time to hand over. >> daniel vasella will stay with the company as chairman and he will pass his role as ceo on to the former
CNBC
Jan 29, 2010 4:00am EST
of things that happen out of washington this week and yesterday, ben bernanke was confirmed for a second term as the federal reserve chairman. i know you had expressed some concern about what would happen to the markets if he wasn't. is this a relief? >> it is. you know, it's an odd world in which many of the republicans were denouncing this man who was the single most influential adviser to george busch. busch was the chairman of the economic advisers under bush. and, you know, he worked very closely to secretary paulson. there was an interesting disease outbreak on january 1st. my republican colleagues fell prey to mass amnesia and fell prey to what happened before. ben bernanke is not at culpable as alan greenspan. but once the reseg hit, i think he did a great job. unfortunately for many of us in politics, you don't win elections by saying, things would have been much worse without me. but for bernanke to have been defeated now, there would have been a long hiatus if you found somebody else. and to have been defeated by some irresponsibility would have been a mistake. i think what ha
CNBC
Jan 5, 2010 4:00am EST
, that will be a focus in washington. congressman barney frank is the chairman of the house services committee. he'll tell us where this massive overhaul plan is headed next. we have that interview coming up at 8:00 a.m. eastern time. stick around and make sure you don't miss that. president obama getting reports about the botched christmas day attempt to try and bring down a plane on u.s. soil. former amr chairman and ceo don carty will be our special guest to talk about beefed up security efforts, what it all means for air travel right now and how much pressure the airlines are feeling under all of the strain. also, the fed in play. we're going to check out the challenges that chairman ben bernanke will be facing in the new year and get superprediction owes when the central banks will start to tighten rates. our guest host today is a former fed chairman governor. we'll hear more about that, as well. "squawk box" is coming up at the top of the hour. steve, we'll see you in just a few minutes. >> yeah, looking forward to it, becky. thank you very much, indeed, for that. >> thank you. >>> we did st
CNBC
Jan 6, 2010 4:00am EST
differences in washington. chris dodd plans to announce today that he will not seek re-election this fall. dodd chairs the senate banking committee and is trailing potential republican challengers in the poll. possible replacements or contenders include connecticut attorney general richard bloomenthal. byron dorgan says he will not seek a new term, leaving democrats to seek to replace four seats. >>> there are a couple big snowstorms, and despite that u.s. retailers managed to have a good christmas. december sales were up year over year in nearly every major category. stores didn't discount as deeply as they did in 2008. that helped to preserve profit margins. shoppers largely pasd on clothing, except for me. >> bertha, partial now is the best time to reform china's yuan policy. according to a government think tank, beijing should consider a 1% appreciation in the u.s. currency against the u.s. dollar. following that, it recommends that the yuan should be allowed to rise or follow along with those currencies. >> still to come on the program, could a better than expected adp employment rep
CNBC
Jan 14, 2010 4:00am EST
:00 a.m. washington time. scheduled to testify, u.s. attorney general eric holder, mary schapiro and fdic chairman sheila bair. busy day today. >> absolutely is, bertha. european stocks up around 0.6%, a little bit more on the ftse 100, up 0.7%. basic resources doing fairly well. anna is with us after a year of maternity leave, but it's great to have you back on "worldwide exchange." >> thank you very much, ross. >> and the cadbury development continues. >> there have been a number of reports that suggests that hershey is after all going to come through with a white night bid for cadbury. the kraft bid is on the table and it's been slightly rejected. will hershey be any more successful? cadbury has talked about how there might be a better cultural fit between the two. we'll watch that with interest. there's also a political dimension here, as well, because peter mandleson has been calling together investors about taking a long-term view generally about takeovers. >> and britain has prided themselves to be being pretty open about anybody coming in and buying production as long as
CNBC
Jan 18, 2010 4:00am EST
in washington d.c. over in london, it's a bit foggy. foggy day in london town is how americans like to put it and indeed it is. >>> as far as mixed income markets are concerned, the bund yield has nudged down a bit. what's happening on the currency markets? >> let's look at the major currency market action at this moment. dollar/yen, look at how the yen is strengthening. talk that there's repatriation going on. sterling//1.63. ross? >> angela merkel appears to have survived what was dubbed a crisis meeting unscathed. was there much of a crisis in the first place? she just won an election recently. >> we all wonder a bit about the hype. first of all, she won the election but let's not forget she only won because the liberals were the ones that were kind of swept into power quite contrary to what "time" magazine said on their cover story recently. angela merkel after being swept into power is losing popularity. she never was swept into power. at best she limped back into power. be that as it may, her personal popularity was high. that's come down. that's one discussion. liberals have tax cut
CNBC
Jan 22, 2010 4:00am EST
levels by our dip low mats around the world, but dip low mats in washington. expect it to be a fully integrated aspect of our policy and on a more concrete level, the secretary announced a number of deliverables. she announced over the coming years we're going to continue and expand our support to entities and organizations working to develop proxy so people can access information and entities for nonviolent purposes. we'll make sure people have access to training that will allow them to get on the internet to take part in the exchange of free ideas. sh announced led by a task force to increase our engagement in the private sector on how we can increase our efforts in collaboration for them to address internet freedom. i mean, the list goes on. but you know, this is just the beginning. and we welcome the responses of all governments around the world as well as all people around the world. the secretary is very serious about engaging nomt not just government to government on this issue, but government to people. she hopes that her words yesterday were foster conversations between peop
CNBC
Jan 20, 2010 4:00am EST
-- will be felt through congress. his -- scott brown's message was clear. he said, send me to washington. i'll by the 41st vote against health care reform. that's how he was elected. >> all right, john. thanks for that. >> still to come, the euro has been down to five-month lows against both the dollar and the euro today. steve is in athens to let us know what's coming up on "worldwide exchange." and the reason the euro is weak, steve, is because of greece's death problems? >> absolutely, ross. one of the worst gdps in the euro zone. having the common currency. we'll hear exclusively from the finance minister of greece after this break. what are you doing...? calling chase sapphire, seeing if we have enough points to stay longer. now? you don't have enough time... and you have to push all those buttons... no buttons, someone answers every time. yeah, right... bet you a massage... yeah, ok. hi, julie... i have a question about my points. hi, what button do i press for a massage? hello? new chase sapphire... you call. we answer. no waiting. just press right here... go to chase.com/sapphire. c
CNBC
Jan 27, 2010 4:00am EST
to a three-month closing low as bank shares decline on liquidity worries. >> in the u.s., washington front and center. president obama delivers his state of the union and lawmakers are set to grill tim geithner on aig. >> and in europe, markets heading lower. dividends will be hit by regulatory charge changes. >> hello and welcome to cnbc's "worldwide exchange." yes, for the next three days, i will be here at the annual meeting of the world economic forum in davos, the swiss alpine town where many have come to discuss some of the world's biggest issues. already this morning, my partner has spoke to nouriel roubini and a few moments ago, the governor of the bank of china was on this very stage. this is what he had to say about the teetenning. >> china will continue and also make sure to sustain the current policy. there is still relatively accommodating fiscal and monetary policy. we want to make sure that growth is still there. i think it's important for china and also for the world. there's a reason they would be able to have 9% gdp growth rates. >> eventually, he was saying he thought we
CNBC
Jan 12, 2010 4:00am EST
washington post" reporting that the amount is the highest earnings in the 96 year history of the central bank. much of the higher profits sparked by bonds and mortgage-backed securities. the fed made money on emergency loans and special programs to prop up tlending. >>> and get your fill of caustic comments now, because simon cowell has had enough of million mld. the cantankerous judge says this will be his last season on idol, but he won't be going for long. cowell is bringing the x factor. he said it would have been hard to do both shows. and while he makes a reported $36 million on idol, he owns x factor, which means he gets a whole lot more if it takes off. x factor is what launched susan boyle, right? >> no. that was britain has talent. >> same idea, right? >> well, ymslightly. x factor is the -- he's fairly close except you have slightly different age ranges. but the other thing is, of course, this is all part of his plan because he's trying on launch a new business venture with phillip green, owner of chop shot shop. so i think this perhaps a launch of their new business venture toget
Search Results 0 to 11 of about 12